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Use the following to answer questions 1-4Gross private domestic investment $46Exports of the US 9DISPOSABLE INCOME 190personal saving 10government purchases 84net foreign factor income earned in the US 10consumption of fixed capital 52dividends 13imports of the US 12indirect business taxes 22personal taxes 38social security contributions 23
1. what is the GDP2.what is the net domestic product3. what is the national income4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?
Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?
Evaluate the following statement: "I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary (everyone is paid according to a set schedule and their remuneration cannot be adjusted by..
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Differentiate between a change in quantity demanded and a change in demand. In the three months before a $1 per pack cigarette tax took effect in Alaska, smokers bought 175 million more cigarettes than during the same period a year earlier.
Illustrate what are other significant impacts of globalization on the U.S. economy. World economy.
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
The corresponding average total cost is $3.50 and total fixed costs equal $1,250. Based on this information, should this firm continue to operate in the short run? Please explain why your answer is yes or no.
Explain how do you go about drawing an indifference for such a utility function.
Suppose the company is considering using an amount equal to 10 percent of its retained earnings to invest in one of the two mutually exclusive projects.
What is the total amount of US government debt as of the time you look it up?
Using the Demand and Supply model anpredict what could happen to demand or supply curves and to equilibrium price. Include the curves in response.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry?
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